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Funds Dwindle To Dismantle Old Nuclear Plants

Hugh Pickens writes "The Associated Press reports that the companies who own almost half the nation's nuclear reactors are not setting aside enough money to dismantle the reactors, so many plants may sit idle for decades, posing safety and security risks as a result. The shortfalls in funding have been caused by huge losses in the stock market that have devastated the companies' savings and by the soaring costs of decommissioning. Owners of 19 nuclear plants have won approval to idle their reactors for as long as 60 years, presumably enough time to allow investments to recover and eventually pay for dismantling the plants and removing radioactive material. But mothballing nuclear reactors or shutting them down inadequately presents the risk that radioactive waste could leak from abandoned plants into ground water or be released into the air, and spent nuclear fuel rods could be stolen by terrorists. The NRC has contacted 18 nuclear power plants to clarify how the companies will address the recent economic downturn's effects on funds to decommission reactors in the future, but some analysts worry the utility companies that own nuclear plants might not even exist in six decades."

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  1. Weird by santax · · Score: 0, Flamebait

    This really is just plain weird. In a world where we all know that radioactive energy brings with it unsolvable polution. In a world where they tells us that is ok and not true, in a world where in one of the best and most secure countries in the world just last week had to admit they were leaking radiactive material (germany) a company that has made many, many millions from selling this unsafe energy, now gets a very good deal? Let me guess, if we trace back all the ownsers of said company, somewhere in that spaghetti of companies there is a company that has spend big time on this US president or the former US president. This just ain't happening without some very powerfull people getting paid in powerfull cash.